Last year my husband and I purchased a second home near Lloret de Mar, Spain. It was our perfect destination for holidays and one year we suddenly thought how great it would be to own somewhere in our favourite place – so we went ahead and bought somewhere! It’s been the best decision we ever made. So, we wanted to share our experience with you – maybe it will convince you that a second home is the way forward! 😉
Where to buy a second home
Pick somewhere you love. Obviously, you need to consider property costs too. The housing market is looking great in mainland Europe and foreign countries at the moment. It was when we bought our flat anyway!
With the right advice, choosing a holiday home is pretty easy. However, if you’re just looking at it from an investment perspective, it’s probably best to focus on an area where there’s a lot of tourism.
Beautiful view from our holiday-home in Lloret del Mar !
Make money: rent out your second home
I recently read that the demand for self-catering accommodation has exploded over the last few years. So, renting out your holiday home when you’re not there will get you great return on investment.
You may be thinking that renting out your place will involve a lot of stress, organization and paperwork, but we haven’t found that at all. There are plenty of property management agencies out there willing to help for a reasonable fee. Not only can they keep an eye on things for you but they also make it easier to find people to occupy the flat when we are not there. Stress-free money-making!